lc_william

Roger Wiegand: Oil to Reach New Highs by Year-End

I talk with Goldman Sachs on a weekly basis; this guy has bad information. GS never said oil will be at $140. For the last three months, and even now, GS says oil by the end of 2008 will be $80... not monumental. This guy needs to provide the source of the individual at GS. This is incorrect data he is spouting.

Some True Safe Havens Are Still (Surprisingly) Undervalued

Even if Mark Anthony is correct today, he is the boy who cried wolf.

He has been touting PAL and SWC for several years now. Based on the price of PAL and SWC, Mark has lost everyone, I repeat EVERYONE money. If he is so attuned to global markets, he should have seen the strengthening of the USD and the global slowdown.

These are the two real reasons that Palladium, Platinum and all other dollar denominated assets have gotten crushed yet, for the most part, he appears to skate around global demand destruction and no mention whatsoever of the strengthening USD.

Mark - will you continue to avoid the reality of USD strengthening and global demand destruction in future articles.

Buy now at $1.10... and you'll be 50% lighter by end of December '08.